State Banking

I live in Maryland. We have all the Big Banks you can think of in, and around, the Washington, DC metro area. I think the State of Maryland should form the Bank of Maryland. Follow what North Dakota has done and show the Big Banks that our state is better than to accept the corrupt practices of Bank of America, JP Morgan Chase, etc. We deserve better than we are receiving from these banks, not only in my state, but the other 48 (I'm excluding North Dakota), and the District of Columbia.

What do you think?

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2 replies	Author	Time	Post
State Banking (Original post)	OLDMDDEM	Apr 2014	OP
we used to have state-chartered banks. they got gobbled up.	ellenfl	Apr 2014	#1
I can't see a downside	OLDMDDEM	Apr 2014	#2

Response to OLDMDDEM (Original post)

Fri Apr 11, 2014, 08:47 AM

ellenfl (8,660 posts)

1. we used to have state-chartered banks. they got gobbled up.

but still a good idea, if set up like north dakota's.

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Response to ellenfl (Reply #1)

Fri Apr 11, 2014, 09:21 AM

OLDMDDEM (1,412 posts)

2. I can't see a downside

I suppose it would be possible that corruption could creep into the bank, but if we were to follow North Dakota's lead, they seem to have found a way to make it uncorrupt (is that a word?).

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